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CITY OF LAKEVILLE
DAKOTA COUNTY, MINNESOTA
RESOLUTION
DATE May 16, 1994 RESOLUTION NO. 94-107
MOTION BY Sindt SECONDED BY Harvey
RESOLUTION ADOPTING ASSESSMENTS FOR
IMPROVEMENT PROJECT 89-1
HIGHWAY RECONSTRUCTION ON CEDAR AVENUE,
160TH STREET WEST AND DODD BOULEVARD
• WHEREAS, pursuant to proper notice duly given as required by law, the Council
has met, heard and passed upon all objections to the proposed assessment for the
Southwest segment of Improvement Project 89-1 to be deferred without interest.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville, Minnesota:
1. Such proposed assessment No. 693 in the amount of $11,885.40, a copy of
which is attached hereto and made apart hereof, is hereby accepted and shall
constitute the special assessment against the lands named therein, and each tract of
land therein included is hereby found to be benefited by the proposed improvement in
the amount of the assessment levied against it.
2. This assessment shall be deferred without interest until a building permit
is issued for commercial development. When the deferment ends, the assessment shall
be spread over twenty (20) years or such lesser number of years that the final
installment shall be due and payable no later than thirty (30) years after this
assessment resolution is adopted. When the deferment ends, interest shall begin to
accrue at the rate of 7.8605 % per year on the unpaid balance.
3. The City Clerk shall forthwith transmit a certified duplicate of this
assessment to the County Auditor to be extended on the proper tax lists of the
. RESOLUTION, CONT.
PAGE TWO
County, and such assessments shall be collected and paid over in the same manner as
other municipal taxes.
ADOPTED by the City Council of the Ciry of Lakeville, Minnesota, on the 16th
day of May, 1994.
CITY OF LAKEVILLE
BY:
Duane Zaun, Mayor
A TEST:
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Charlene Friedges, C' Clerk
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